Abstract
This comprehensive analysis highlights the potential of China, the world’s largest energy producer. The research paper provides direction to China in the energy sector. Although currently relying on coal for power generation, in the long term, the country will become the largest exporter of electricity. The transition to sustainable energy production is critical, considering global commitments to reduce greenhouse gas emissions under the Paris Agreement. China’s ability to shift to clean energy is strengthened by its vast labor force, financial strength, and the Chinese government’s commitment to national rejuvenation. By establishing an “Electro-Yuan” system for trading electricity, China could challenge the global dominance of the US dollar. The One Belt, One Road (OBOR) initiative further facilitates a clean electricity trade network with strategic partners worldwide. However, a successful transition hinges on shifting from coal to renewable energy sources, enhancing existing grid infrastructure for cross-border transmission, and effectively implementing the Electro-Yuan system.
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